'I want my exit to be less newsworthy than my entrance' - Mark Carney, the next Governor of the Bank of England

Incoming Bank of England Governor Mark Carney has played down his radical
image as he presented his vision for the new super-powered central bank.

Mr Carney, who has been hailed as something of an economic saviour, was careful to outline his limits in a statement to MPs submitted ahead of an appearance before the Treasury Select Committee on Thursday.

The 47-year-old Canadian said that over the course of his five-year-tenure he wanted increased recognition that "while the Bank of England's actions provide the cornerstones of British prosperity - price and financial stability - these are necessary but not sufficient conditions for growth".

Mr Carney's written evidence - technical and measured - stands in stark contrast to a series of bolder statements that have come from his direction in recent weeks.

He provoked a flurry of debate in December when he suggested that the Bank of England's 2pc inflation target could be replaced by for GDP growth, sparking fears he was comfortable with sacrificing price stability for long-term growth. However his written response to questions from the Treasury Select Committee reads more cautiously.

"In any possible review [of inflation rate targeting], it would be vital to recognise that long and varied experience demonstrates that delivering price stability is the best contribution that monetary policy can make to the economic welfare of citizens," he wrote, venturing that while he has not made an assessment of the merits of overhauling monetary policy in the UK, "that it is important the policy framework is reviewed periodically."